2018 Tax Cuts and Jobs Act – Auto Provisions
The Tax Cuts and Jobs Act (TCJA) made several changes to the automobile provisions, which results in various increased benefits for business owners.
Yearly Archives: 2018
Year-End Tax Planning Moves for Individuals and Small Businesses
Tax planning is a year-round effort, but as the end of the year approaches and your income and deductions become more evident, it is a good time to take a final look at where you stand and what you can do to minimize your 2018 tax liability.
It’s Time To Be Looking at Year-End Tax Planning
By Jordon Rosen, CPA, MST, AEP® It’s never too early to think about tax planning and with new rules in force for 2018 (Tax Cuts and Jobs Act, the “Act,” or “TCJA”), NOW is a good time. Below are a few key provisions of the Act with related planning tips. Keep in mind that most individual provisions are temporary and … Continued
Scam Warning for Pennsylvania Tax Notices
Unfortunately, there is no shortage of fraudulent schemes to scam you out of your money or grab your identity.
Business Meals and Entertainment—Is there still a deduction available after TCJA ?
Meals and Entertainment has a long history as targets for perceived (or not) abuse by businesses and taxpayers which in turn brought scrutiny from the IRS.
Substantiation and Reporting Requirements for Cash and Noncash Charitable Contribution Deductions
Final regulations have been released providing guidance concerning substantiation and reporting requirements for cash and noncash charitable contributions.
Unclaimed IRAs are taxable???
Last summer I wrote a blog entitled, “So You Are Changing Jobs, Are You Forgetting Something?
2018 Tax Cuts and Jobs Act – Like-Kind Exchanges
The Tax Cuts and Jobs Act made modifications to the treatment of certain like-kind exchanges.
South Dakota v. Wayfair
Prior to a recent U.S. Supreme Court ruling, the standard to determine “substantial nexus” for sales tax purposes was based on “physical presence” as provided in Quill v. North Dakota.
2018 Tax Cuts and Jobs Act – Other Business Provisions
Posted by Valerie Middlebrooks, CPA NOL Deduction – Under the old law NOL utilization was not subject to limitations based on taxable income. Under the new law NOL utilization will be limited to 80% of taxable income. Also under old law NOL’s could be carried back 2 years and forward for 20 years. Under the new law NOL’s can no … Continued